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Prysmian will invest in a new laying vessel for submarine cables

Wednesday, 14 March, 2018 - 15:30

Prysmian Group announces an investment in excess of €170 million in a new cutting-edge cable laying vessel. This strategic asset is meant to bolster Prysmian’s turnkey approach, under which it delivers end-to-end EPCI projects.

Prysmian Group’s new vessel is intended to be the most capable cable layer in the market and to offer enhanced project versatility thanks to advanced features like: deep water installation capabilities for depths of more than 2,000 m ; increased cable loading capacity thanks to large cable rotating platforms; capability to perform complex installation operations supporting a variety of burial systems, including heavy duty ploughs; state-of-the-art positioning and seakeeping systems and a reduced environmental footprint. The ship is expected to be delivered by Q2 2020.

At the moment Prysmian already operates three oft he world‘s advanced cable laying and has a wide range of high–tech installation and burial equipment in its arsenal. The new vessel now is expected to consolidate the Group’s leadership in the submarine cables and systems business by boosting the capability of its submarine cable.

The Group’s submarine business secured several important contracts in 2017 with a robust order intake of approximately €1 billion developing a solid order book in excess of €2,400 million as at 31 December 2017. Recent main interconnection projects secured include IFA2 for a submarine link between Britain and France and an NGCP interconnection in the Philippines. In the offshore wind connections market, Prysmian has been awarded projects by RTE to link three offshore wind farms to the French electricity grid.

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